Recommendations for the 2018-2019 Academic Year
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Approval and Adoption of Final Tuition Recommendations for the 2018-2019 Academic Year David Jewell and Kyle Moore Financial Affairs and Enrollment Management Presentation to the Board of Trustees - March 2018
Summary - comparison of study results Huron analysis Topic Internal analysis Colorado, Nebraska Scope All out-of-state students Full-time Type of student Full-time, part-time, and distance 302 Sample size 3,175 80% Students receiving tuition discounts 44% $9,170 Average net tuition revenue $9,800 2 UNIVERSITY OF WYOMING
Additional background projected revenue losses Annual Tuition (@ 30 Credit Hours) Cost Per Credit Hour $15,480 $12,500 $11,500 $10,500 $9,500 $516 $416 $383 $350 $316 Moving to a non-resident tuition of $316/credit hour ($9,500/year for 30 credit hours) for Fall 2018 would result in an estimated revenue loss of $5M-$6M for FY19 in addition to continuing to dedicate $3.5M-$4.0M of the block grant to maintaining the discount/waiver for existing full-time, non- resident undergraduate students who are currently paying an Average NTR less than $9,500. 3 UNIVERSITY OF WYOMING
Additional background tuition by type of student Type of Non-Resident Undergraduate Student Full-Time Receiving Discount Full-Time No-Discount Part-Time No-Discount Summer No-Discount Average Population Size 1,319 1,307 248 885 Average NTR (Tuition Only) $8,141 $14,482 $5,793 $2,320 Average Per Credit Hour $452 $468 4 UNIVERSITY OF WYOMING
Additional background Comparisons from target states Resident Tuition & Mandatory Fees @ 30 Credit Hours Resident Tuition @ 30 Credit Hours Institution $9,1511 $11,519* $11,502 $14,386 $13,598 $12,528 $11,284 $1,348 (fees only) $1,348 (fees only) *Includes discount/stipend of $77/credit hour from the Colorado College Opportunity Fund (COF) for eligible Colorado residents 5 UNIVERSITY OF WYOMING
Additional background current and suggested tuition BOT Tuition Policy of 4% Increase Administration Recommendation Current Tuition 2017-18 AY (FY2018) (Per Credit Hour) 2018-19 AY (FY2019) (Per Credit Hour) 2018-19 AY (FY2019) (Per Credit Hour) Undergraduate Resident Tuition Undergraduate Non- Resident Tuition Graduate Resident Tuition Graduate Non-Resident Tuition $129 $129 $134 $516 $516 $537 $251 $251 $261 $750 $750 $780 6 UNIVERSITY OF WYOMING
Additional background resource allocation Model for revenue generated by a 4% tuition increase Item Compensation Academic Unit Support Budgets University Libraries Information Technology TOTAL Amount ~$1,000,000 ~$500,000 ~$250,000 ~$250,000 ~$2,000,000 7 UNIVERSITY OF WYOMING
Administrations draft recommendations No increase to non-resident undergraduate tuition rate No increase to resident undergraduate tuition rate No increase to non-resident or resident graduate tuition rates Institute policy limiting the number of distance/on-line classes and/or credit hours Reduce the undergraduate, graduate and certificate non-resident online/distance tuition rates Continue analysis and discussion of reduced non-resident undergraduate tuition 8 UNIVERSITY OF WYOMING
Administrations proposed timeline Administration to share findings of its in-depth analysis (including detailed financial modeling and supporting calculations) Administration addresses and shares any follow- up analyses requested by the BOT at the May 2018 meeting and presents its tuition pricing recommendations for the 2019-2020 AY (FY2020) May 2018 July 2018 August/ September 2018 Administration requests BOT approval of proposed 2019-2020 AY tuition rates 9 UNIVERSITY OF WYOMING
Questions? 10 UNIVERSITY OF WYOMING
